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Aon news

Aon news, related to the insurance and reinsurance broking operations of the global consultancy and intermediary business.

Aon is one of the world’s largest brokers of both insurance and reinsurance business.

GIIA awards first ESG accreditation to Dunant Re

24th September 2021

The Guernsey International Insurance Association (GIIA) has awarded its first environmental, social and governance (ESG) accreditation for an insurance entity. The framework was launched in Guernsey earlier this year and has awarded Dunant Re IC, an Incorporated Cell of Replexus ICC (Guernsey), managed by Aon Insurance Managers (Guernsey) this accreditation. The Red ... Read the full article

Aon backs hurricane Ida as one of US mainland’s costliest yet

13th September 2021

With economic losses anticipated to reach well into the tens of billions of dollars, Aon expects Hurricane Ida to become one of the costliest US mainland hurricanes yet, both on a nominal and inflation-adjusted basis. Commenting during its monthly catastrophe report, the broker explained how despite a sizeable insured portion of ... Read the full article

Specialty market in high demand: Aon Programs

13th September 2021

According to a new report from Aon Programs, the specialty insurance market is in-demand, with health care, mortgage banking, catastrophe products and non-profit protection being recognised as the industries at the forefront. The analysts noted that four forces are impacting this industry’s need for more customised insurance solutions including evolution in ... Read the full article

Aon combines facultative reinsurance broking teams in Asia Pacific

10th September 2021

Aon's facultative reinsurance broking team in Singapore and its Reinsurance Solutions’ APAC facultative team have combined into one unit. The team will serve Aon’s clients in the Asia Pacific region. The newly combined team is part of Aon’s Reinsurance Solutions. Geoff Lambrou has become CEO, Facultative – Asia Pacific, to lead the newly ... Read the full article

Aon partners with Latium Technologies for risk mitigation tool

9th September 2021

Aon plc has partnered with Latium Technologies to introduce Latium's Job Site Insights (JSI) Internet of Things (IoT) application and suite of products as a foundational risk mitigation tool for contractors and owners. The alliance between Latium Technologies and Aon brings industry-leading technology to more contractors and owners, so they can ... Read the full article

Climate change is front and centre for reinsurers, say Aon execs

8th September 2021

As industry losses from so-called secondary perils such as wildfires, winter storms and floods continue to rise, coupled with the expectation of more frequent and severe events in general, climate change is "front and centre in most people's thinking," according to Andy Marcell, Chief Executive Officer (CEO) of Aon's Reinsurance ... Read the full article

Ida Northeast floods will add double-digit billions to economic cost: Aon

3rd September 2021

Analysts at Aon believe that flood damage in the Mid-Atlantic and Northeast regions caused by the tail-end of Hurricane Ida will result in an additional double-digit billion dollar economic loss. Ida made landfall in Louisiana on Sunday as a Category 4 hurricane, battering the state with sustained wind speeds of up ... Read the full article

Marsh names new Head of Specific Risks for UK Private Equity and M&A Practice

27th August 2021

Insurance broker and risk advisor, Marsh has appointed Stefan Farahani as Head of Specific Risks in the UK Private Equity and Mergers & Acquisitions Practice. In this newly created role, Farahani will be based in London, reporting to Alastair Lowry and Leo Flindall, Co-Heads, UK Transactional Risk, Marsh Specialty. He joins Marsh ... Read the full article

Aon announces regional senior leadership changes

26th August 2021

Aon plc has announced new regional leadership roles within its Reinsurance Solutions to further strengthen the team and enhance its local reach. Tim Ronda, Global Geographic Leader, will oversee Reinsurance Solutions’ regional capabilities worldwide to drive scale while focusing on unique regional trends and client needs. George Attard has been appointed Chief ... Read the full article

Insurance renewals demand ESG transparency: Aon

24th August 2021

With environmental, social and governance (ESG) playing an increasingly important role in the re/insurance market, analysts at Aon have argued that setting clear and transparent ESG targets will be critical for companies during their renewals. Aon cited research that shows ESG based assets could exceed US$53 trillion by 2025, representing more ... Read the full article

Aon announces global leadership appointments within Reinsurance Solutions

23rd August 2021

Global insurance and reinsurance broker Aon has announced it has made new global leadership appointments within its Reinsurance Solutions division. Joe Monaghan has been appointed as Global Growth Leader and will have full responsibility for overall growth strategy, whilst continuing as Chief Executive Officer (CEO) of Aon’s Public Sector Partnership. His new ... Read the full article

Property market still challenging, but conditions moderating: Aon

23rd August 2021

Re/insurance broker Aon has observed that the North American property market remains challenging, but notes that conditions are moderating as rate increases decelerate and the sector begins to approach equilibrium. Against this backdrop, analysts believe that insurers will be looking to increasingly regain share of classes of business deemed profitable, and ... Read the full article

Casualty market proves value as diversifier for reinsurers: Aon

18th August 2021

Re/insurance broker Aon has released a new report for the first half of 2021, giving insight into the Property & Casualty insurance market. The broker's report underlined how the casualty market is proving its value as a good diversifier for reinsurers' challenged property experience in recent years, along with robust primary ... Read the full article

CEO Case says Aon has emerged stronger from failed WTW merger: report

16th August 2021

As global insurance and reinsurance broker Aon looks forward after its failed merger with rival Willis Towers Watson (WTW), Chief Executive Officer (CEO) Greg Case has told the Financial Times that the firm has emerged stronger. Aon and WTW decided to terminate their proposed $30 billion combination last month after ... Read the full article

Aon to provide Kraft Heinz’ captive insurer with investment services

13th August 2021

Re/insurance broker Aon has been hired to provide its new investment service for captive insurers to the captive insurer of global food and beverage company Kraft Heinz. Aon works with Goldman Sachs to deliver the service, which seeks to make it easier for captive insurers to identify and access appropriate, high-quality ... Read the full article

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